Indian Market:
Equity benchmarks lost some yesterday's gains and closed with modest losses on Wednesday, led by fall in financial, capital goods, FMCG, healthcare, telecom and metal companies' shares.
GMR Infrastructure Ltd., controlled by Indian billionaire G.M. Rao, said second-quarter profit rose 33 percent after flights started operating from a new airport terminal and a barge-mounted power plant began generation.
Tata Motors (TATAMOTORS.BO : 1302.15 +31.6) said it will be recalling some of its small car Nano to install safety measures to prevent the vehicle catching fire.
Equity benchmarks lost some yesterday's gains and closed with modest losses on Wednesday, led by fall in financial, capital goods, FMCG, healthcare, telecom and metal companies' shares.
GMR Infrastructure Ltd., controlled by Indian billionaire G.M. Rao, said second-quarter profit rose 33 percent after flights started operating from a new airport terminal and a barge-mounted power plant began generation.
Tata Motors (TATAMOTORS.BO : 1302.15 +31.6) said it will be recalling some of its small car Nano to install safety measures to prevent the vehicle catching fire.
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Global Cues:
Asian stock markets were mostly higher on Wednesday, despite a decline overnight in New York as U.S. investors shifted to commodities. The key benchmark indices in Indonesia, Japan, South Korea and Taiwan rose by between 0.2% to 1.17%. But, the key benchmark indices inSingapore, China and Hong Kong fell by between 0.69% to 0.95%.
U.S. stocks fell, dragging benchmark gauges to the biggest decline in three weeks, as financial and raw materials companies wiped out an early advance led by energy producers as commodities extended a rally to a 25-month high.
Honda on Tuesday announced plans to exhibit the world premiere of a prototype of the new small-sized vehicle which is scheduled to be introduced in India and Thailand in 2011.
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